SmarTrend Detects Continued Buying Pressure in Shares of General Electric (GE)
SmarTrend identified an Uptrend for General Electric (NYSE: GE) on January 08, 2010 at $16.48. In approximately 2 months, General Electric has returned 10.3% as of today's recent price of $18.18.
General Electric is currently above its 50-day moving average of $16.29 and above its 200-day moving average of $14.90. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of General Electric shares.
Write to Chip Brian at cbrian@tradethetrend.com
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